2023 CAD to KRW Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 CAD to KRW Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the CAD to KRW exchange rate experienced significant fluctuation. The market reached its absolute peak on September 27, valuing the pair at 1002.0951. Conversely, the yearly low was recorded on January 19, dropping to 915.4197.
This high-to-low spread represents a total annual volatility of 86.6754 KRW. From a start-to-finish perspective, comparing the January average rate of 925.8671 to the December average rate of 970.4708, the exchange rate registered a net change of 4.82% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 1002.0951 was down 5.47% compared to the 2022 peak of 1060.0739, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 CAD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
CAD to KRW Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 960.6058, compared to 974.2771 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 13.6713 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was February, with a trading range of 51.3892 KRW (High: 971.3502 / Low: 919.9610). On the other end, August was the most stable month, with a tight range of 21.3071 KRW (High: 992.5750 / Low: 971.2679).
Growth Streaks & Declines
TrendsBetween January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 31.4668 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2023: 984.4313) against the same month in 2022 (average: 1046.9452), the exchange rate shifted by -62.5139 (-5.97%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 942.7766 | 915.4197 | 925.8671 |
| February | 971.3502 | 919.9610 | 950.8973 |
| March | 965.7168 | 937.8936 | 952.5970 |
| April | 986.7598 | 964.8778 | 977.6882 |
| May | 996.3288 | 970.3259 | 981.5965 |
| June | 998.6696 | 952.2717 | 974.9888 |
| July | 993.5620 | 958.9779 | 971.2793 |
| August | 992.5750 | 971.2679 | 981.5488 |
| September | 1002.0951 | 971.1393 | 984.4313 |
| October | 996.7229 | 973.5856 | 984.6996 |
| November | 974.5367 | 938.7952 | 953.2328 |
| December | 981.2222 | 957.0705 | 970.4708 |